Corporate sales aren’t going well for xAI’s Grok
The race for AI is not just about who has the highest-scoring model, the biggest data center, or the most GPUs. AI companies are trying to build viable businesses with enough annual revenue to someday...
The economics of Instacart’s grocery delivery are pretty tight — AI might help, or hurt
This week was a roller-coaster ride for investors. Traders loved the announcement on Monday that the grocery delivery app will be embedded in ChatGPT, becoming the “first company to offer [a] new ins...
Rivian sure picked a bad time for its AI Day as investors dump tech stocks
The event coordination team at is probably having a bad one, as investors dumped the stock ahead of its “Autonomy and AI Day” amid a broader AI trade sell-off . Heading into the event that began at n...
Oracle’s underwhelming results are kneecapping the AI trade
The nasty reception to quarterly results , which included a small revenue miss along with much more capex and cash burn than analysts had anticipated, is cascading through the rest of the AI trade. Am...
Disney invests $1 billion in OpenAI in deal that brings its characters to AI video platform Sora
has become the first major content licensing partner with OpenAI’s Sora in a new three-year agreement that will also see the entertainment juggernaut make a $1 billion investment in the AI company. Th...
Reports: Meta training its new AI using rival models; switching to closed models in quest for profits
A pair of new reports about internal struggles at add new information to how Mark Zuckerberg’s hard pivot to AI is going. The New York Times details some of the friction between the company’s old gua...
Palantir rises on Navy deal announcement
rose early Wednesday after officially announcing a new deal — valued at $448 million — with the US Navy to manage its submarine maintenance and supply chain. While Palantir has been rapidly building i...
Amazon announces major AI investment in India a day after Microsoft
said today that it plans to invest more than $35 billion in India by 2030, adding to the nearly $40 billion it has invested in the country so far. The latest investment is focused on AI-driven digitiz...
Oracle’s earnings unlikely to get the giddy reaction they did last time
It’s probably not going to be like last time. Back in September, when reported that its AI-related sales backlog had more than quadrupled to $455 billion — largely due to deals with OpenAI — the stoc...
Accenture rises after announcing partnership with Anthropic, adding to its recent series of AI collaborations
is rising after the consulting giant announced a multiyear partnership with Anthropic to become “a premier AI partner for coding with Claude Code.” This includes a joint offering for AI-enabled softwa...
Google to bring ads to Gemini chatbot in 2026
It’s an end of an era: ads are finally coming to AI chatbot, Gemini, AdWeek reports , citing agency buyers. Details are sparse but the search giant, which makes the vast majority of its revenue from ...
Estée Lauder’s Jo Malone is launching an “AI Scent Advisor” to convince people to buy perfumes without smelling them first
Gen Z is driving something of a fragrance boom at the moment, and is looking to continue cashing in by debuting an “AI Scent Advisor,” developed with Google Cloud, that it hopes will convince online ...
The best quotes from Salesforce’s earnings call
CEO Marc Benioff is known for his sweeping proclamations and fun storytelling. And on last night’s earnings call, after the company reported earnings and guidance that beat expectations, he was in top...
Salesforce jumps as Q3 earnings top expectations
jumped after-hours Wednesday as it posted earnings and guidance that beat analysts’ expectations. Its adjusted earnings per share came in at $3.25 for the third quarter of fiscal 2026, above the FactS...
Seagate, Western Digital stumble amid reports of customer resistance to AI
Hard disk drive makers and slumped Wednesday following a report from The Information that Microsoft is facing pushback from software clients who don’t want to pay more for AI-optimized products. Mic...
After three decades of pretty constant growth, the consultancy boom just hit an AI-shaped wall
The age of consulting as we know it, when armies of associates mercilessly grind through endless slide decks and dashboards, is starting to give way to a new model: part human, part bot. On Monday, Ac...
Microsoft drops after report that it lowered AI sales quotas in the face of lower-than-expected demand
was down around 3% this morning after The Information reported that multiple divisions within the tech giant have lowered their sales quotas for AI products as traditional customers resist paying more...
Morgan Stanley upgrades Tempus AI to “overweight”
Morgan Stanley analysts gave an “overweight” rating — essentially a “buy” — and a raised their price target to $85 from $80, writing in a note published late Monday that despite being “a relatively n...
Instacart falls as Amazon announces ultrafast delivery testing in major US cities
Shares of were down as much as 4% in early trading on Tuesday after e-commerce giant Amazon outlined plans to test ultrafast delivery offerings in parts of Seattle, Washington, and Philadelphia, Penn...
Wedbush analyst Dan Ives adds CoreWeave, IREN, and Shopify to his list of top 30 AI stocks, removes SoundHound, ServiceNow, and Salesforce
Wedbush Securities analyst Dan Ives is still very bullish on the outlook for AI stocks as we creep closer to the start of another new year. “In a nutshell, this AI Revolution is just beginning today a...